Contigo demonstrates growing recognition in CommodityPoint Vendor Perception Study

13 June 2012

Contigo demonstrates growing recognition in CommodityPoint Vendor Perception Study
Jon Yeomans - Director, Contigo

The growth of specialist software supplier Contigo is continuing apace, with the Birmingham, UK-based company achieving significant recognition in an industry study.

Published every two years by industry expert CommodityPoint, the international Vendor Perception Study provides an overview of customer awareness of leading suppliers operating in the Energy and Commodities Trading Risk Management (E/CTRM) sectors.

Conducted between October 2011 and February 2012, the report collates information and responses from over 60 individual respondents, representing 58 companies from around the world.

This is the first year that Contigo has ranked in the general perception section of the study, entering the top 10 lists for both the International and European lists – in tenth and sixth place respectively - coming in just behind some of the industry’s biggest names.

Jon Yeomans, Director, Contigo, said: “Being a UK-based operation, Contigo has very little presence in the North American markets, however our inclusion in the international perception study is a clear indication of our continued success and development across the markets.

“This study is a reflection of genuine perception from end-users of E/CTRM products and provides an accurate reflection of the market sentiment and the kind of space that we occupy. Securing significant positions on both the International and European results is a fantastic achievement and a great testament to the stand-out quality of our products.

The unique approach and flexibility offered by Contigo’s range of flagship enTrader products, has been a driving force behind the company’s outstanding number of achievements since its launch in 2006, including a spot on the Deloitte Fast 500 list of the fastest-growing companies in EMEA in 2011.

Simon Piercy, managing director, Contigo, said: “We take pride in the growth of Contigo and the fact that our customer base has grown organically through recommendations. With each client we have a trusting and collaborative relationship to ensure we deliver solutions of the highest quality.

“What we are seeing in this report is that the enTrader suite of products is quickly becoming well known within the E/CTRM industry amongst users. At Contigo we are very pleased with the results shown within the report, particularly when comparing ourselves to more established organisations.

“The results of this survey show that the industry is beginning to take notice of Contigo and as a company we will continue to provide quality cost-effective systems to deliver real value to our clients.”

Contigo has recently seen a number of notable successes, with expansion further into the European market with French energy provider CNR and leading Irish energy provider, Bord Gais (BGE).

Due to increasing demand from its clients, Contigo also created four new positions earlier this year, demonstrating strong growth against difficult market conditions.

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